1. You decide to go to Mexico for a year on an international exchange. While in Mexico, you check Oanda.com for the exchange rate between CAD and MXN. The quote you see is CAD/MXN = 15.9886/90? Which of the following are true statements with respect to this quote?

Select one:

a. Since you are in Mexico, this is a Direct quote

b. An FX dealer will buy CAD 1,000 from you in exchange for MXN 15,9890

c. An FX dealer will sell CAD 1,000 to you in exchange for MXN 15,9886

d. All of the above are true

e. Only a. and c. above are true

2. Refer to the quote for the exchange rate CAD/MXN = 15.9886/90:

Select one:

a. The spread is equal to 4 pips

b. If the exchange rate moves by 100 pips to 15.9786, the Canadian dollar has appreciated

c. The FX dealer will always buy the base currency at the bid price and sell the base currency at the ask price

d. All of the above are true

e. Only a. and c. above are true

3. You have decided that you want to visit Petra, the world-famous archaeological site in Jordan's southwestern desert that dates to around 300 B.C,. You believe the trip will cost approximately 2,500 Jordanian Dinars for the time you are in Jordan. The current quote on Oanada.com is CAD/JOD = 0.5323. Which of the following are true statements?

Select one:

a. You will need approximately CAD 4,700 to cover your costs while in Jordan

b. You will need approximately CAD 1,330 to cover your costs while in Jordan

c. If the exchange rate moves to CAD/JOD = 0.6323 the Canadian dollar will have appreciated

d. All of the above are true

e. Only a. and c. above are true

4. You have always wanted to visit Bali, one of the 17,500 islands that comprise Indonesia, the worlds largest archipelago. Now that you are close to graduation, it is time to follow the dream and head to Southeast Asia. However, not finding a quote for the Canadian dollar versus the Indonesian rupiah, you decide to use a cross rate to derive an exchange rate for CAD/IDR? The information you have shows: USD/IDR = 14,750.70 and USD/CAD =1.3317. What is an appropriate exchange rate for CAD/IDR?

Select one:

a. 14,750.70

b. 11,076.59

c. 11,760.68

d. 12,842.11

e. 10,868.54